Retracement Divergence

VisualVRetracement Divergence

VisualVTrader's Retracement Divergence indicator tries to find areas where the retracement in an indicator is far less than the price movement based on the previous pivot points.

Trading this indicator is a little tricky, and a tail on a VBar is needed before a trade can be taken. The trades that could have been taken are marked with a blue arrow and the invalid setups are marked with a brown colored arrow.